Homeowner Education

Forbearance is an agreement between a lender and a borrower to temporarily suspend debt payments.

A legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments by forcing

A fixed-rate mortgage is a financial product that has a constant interest rate for the life of the loan.

An FHA 203k loan is a loan backed by the federal government and given to buyers who want to buy a damaged or older home

A Federal Housing Administration (FHA) loan is a mortgage insured by the FHA. By insuring the loan, the FHA offsets the risk associated with lending

The FHA 203(b) “may be used to purchase or refinance a new or existing one-to-four family home in both urban and rural areas including manufactured

Fees in APR is a term used to highlight the additional costs incurred when getting a loan, such as a mortgage.

The Federal National Mortgage Association, known as Fannie Mae, is a government-sponsored enterprise (GSE) that purchases mortgages from commercial lenders in order to provide the

A due-on-sale clause is a stipulation in a mortgage or deed of trust, requiring a borrower to pay the entire loan balance upon the sale

The document needs list is a list of key forms and documents a person taking out a mortgage needs to have on hand so that